Paul Bewers’ Bourne Lodge has sold the McNicholas office and warehouse portfolio to three private investors for £9.75m, reflecting a net initial yield of 5.86%. All three assets are let to contractor McNicholas on 15-year leases running from 2004.

The Amesbury Property Company would like to clarify that it is the sole owner and funder of the Solstice Business Park in Amesbury, south Wiltshire, as featured in the ‘Salisbury pain’ article (Hampshire, Dorset + south Wiltshire, 07.07.06).

Question: My company has bought a brownfield site for development, our first for several years. What recent policy changes will affect our approach to remediating the site and readying it for development?

Gleeds, the construction consultancy, has won a contract to cost manage the construction of Media City UK, the BBC’s 20 acre (8.1 ha) complex in Salford. The future home of Radio Five Live is being built by Peel Holdings and Salford Urban Regeneration Company.

Land Securities this week revealed revised plans for its ‘walkie-talkie’ tower at 20 Fenchurch Street in the City of London. It has reduced the 45 storeys to 36. It also revealed images of a ‘Sky Garden’ at the top of the tower.

Sir, In reference to Anthony Lorenz’s suggestions to stop gazumping (letters, 07.07.06), I would hazard a guess that he does not deal with residential property sales on a daily basis or he would know that his proposals are impracticable.

Question: My tenant is, so far, up to date with his rent, but I suspect it may get into difficulties in the future. A rent review is in progress. There is a former tenant who owes me rent. What can I do to protect my position?

Redrow Regeneration has sold the first phase of its Barking Central scheme to City & Docklands Property Group for £40m. It comprises 246 flats, a lifelong learning centre, a library and a landscaped public area, as part of the London mayor’s ‘100 public spaces’ initiative.

Entrepreneur Richard Balfour-Lynn enjoys the scorching weather with a glass of his own sparkling rosé at his Kent vineyard last week. Today, we speak to him about his Alternative Hotels Group’s £750m acquisition of De Vere Hotels and the future of his quoted vehicle MWB.

The University of Leeds is to sell the 36,868 sq ft (3,425 sq m) Priory of St Wilfrid on Springfield Mount, Leeds, with a price tag of more than £2m. The grade II-listed teaching college was designed by Temple Lushington Moore. Allsop is advising on the sale, which is part of the university’s ongoing estate management programme.